Oil Revenues

Transfer of oil revenues via INSTEX ‘off the table’: MP

TEHRAN, Feb. 05 (MNA) – Chairman of Parliament’s Economic Committee said Tue. that EU’s recently created trade mechanism for Iran (INSTEX) has excluded the transfer of Iran’s oil revenues, adding the mechanism has no timetable or contract bond.

US to be ‘wheelchair bound’ if attacks Iran: Larijani

TEHRAN, Feb. 02 (MNA) – Speaker of Iranian Parliament Ali Larijani in reaction to US’ military threats against Iran advised Washington to play it wise, or it would “step on a landmine and be confined to a wheelchair.”

By: Ebrahim Fallahi

Will Iran’s oil revenues satisfy next year’s budget expectations?

TEHRAN, Jan. 23 (MAN) – Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70% of the Iranian government’s total income comes from selling oil and oil products.

CBI governor:

Oil forex revenues to be used for necessity goods import

TEHRAN, Jan. 06 (MNA) – Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods.